How to Retire Using Whole Life Insurance
In this episode, we explore how you can use whole life insurance as a retirement tool. We dive into the mechanics of leveraging your policy's cash value for income in retirement, discussing both withdrawals and loans. We break down the differences between direct and non-direct recognition policies and their impact on your retirement strategy. We also address common questions about outstanding loans and their implications for your policy. Finally, we highlight the tax advantages of using whole life insurance for retirement income. We explain how this approach can simplify your financial planning in retirement and help you make informed decisions about your financial future. ____________________________ If you'd like to see how whole life insurance can work to help you build an income stream in retirement, please click here to contact us.